Friday, October 17, 2014

#HCLT’s results were below estimates,#Kotak Securities

“HCLT’s results were below estimates. Revenues disappointed with a Constant Currency growth of 3.2%. EBIDTA margins also came in slightly below expectations.
The Constant Currency growth has moderated in past few quarters and overall revenue growth has come in largely on the back of IMS. The company needs to improve growth rates in non-IMS businesses.”Dipen Shah, Head- Private Client Group Research, Kotak Securities